Articles under Types Of Contract

Different Types of Contract Under Indian Contract Act 1872. The Indian Contract Act 1872 is the main law that governs contracts in India. It defines a contract as an agreement enforceable by law. Not all agreements are contracts, only those that create legal obligations between the parties are contracts. The Act also classifies contracts into different types based on their validity, formation, performance, and nature. Here are some of the common types of contracts under the Indian Contract Act 1872.